HES Profile
Hess Corporation, a prominent player in the energy sector, engages in the exploration, development, production, and sale of crude oil, natural gas liquids (NGLs), and natural gas. Founded in 1920 and headquartered in New York, New York, the company operates through two key segments: Exploration and Production, and Midstream, leveraging its diversified portfolio across multiple geographic regions.
The Exploration and Production segment forms the core of Hess Corporation's activities, focusing on maximizing hydrocarbon reserves through operations primarily in the United States, Guyana, Malaysia/Thailand Joint Development Area, and Malaysia. The company's exploration efforts are concentrated offshore in key areas such as Guyana, the U.S. Gulf of Mexico, Suriname, and Canada, aimed at identifying and developing new reserves to sustain long-term growth.
In addition to its upstream activities, Hess Corporation's Midstream segment plays a crucial role in the energy supply chain. This segment encompasses gathering, compression, and processing of natural gas, as well as fractionation of NGLs. The company also engages in transporting crude oil and NGLs via rail car, and provides essential storage and terminaling services for propane. Furthermore, Hess Corporation offers specialized water handling services, particularly in the Bakken Shale plays located in the Williston Basin of North Dakota, ensuring efficient operations and environmental stewardship.
With a focus on operational excellence and technological innovation, Hess Corporation continues to expand its footprint in strategic energy markets globally. The company's commitment to sustainable practices and community engagement underscores its leadership in responsible resource development, contributing to both economic growth and environmental stewardship in the regions where it operates.
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